Tuesday, January 30, 2018 12:47:43 AM
Any time within those 2 years they have to convert the units to stock by paying $1.55 a share.
Also if the buyers choose they can buy a additional share for $1.80 any time in the next 2 years.
Cbwtf then takes the $100M and lends it to MJ growers for a future portion of their crop.
That is it in a general sense.
This deal is not as bad as the 100M-200M share they sold in Feb and March for 2 cents, that's dilutive.
Probably a necessary evil but a shame nevertheless.
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM